Climate Change Finance

Without Supercharging Adaptation Funding Global Temperatures Could Surge

The Head of Impact Assessment and Adaptation, Henry Neufeldt, UN Environment Programme Copenhagen Climate Centre, has called for increased climate adaptation funding, particularly for developing nations facing significant climate risks.

UNEP: Nations Must Step Up Adaptation—Starting with Bold Finance Action at COP 29

The United Nations Environment Programme’s (UNEP) 2024 Adaptation Gap Report has warned that adaptation actions are not keeping pace with the surging demands of a warming planet. Released ahead of the COP29 climate conference in Baku, Azerbaijan, the report—titled Come Hell and High Water—projected a bleak future where vulnerable communities bear the brunt of climate-induced hardships. 

Knife-Edge November: Teetering on the Climate Abyss

Standing high on the vertiginous edge of the future and looking down into a volcanic seething of approaching doom, it is a totally understandable desire to want to close your eyes, walk away and turn on the sports channel. If you have one.

Tanzanian Students Drive Climate Action Through Tree Planting

At Gabimori primary school, located at Nyamagaro ward in Tanzania’s northern Rorya district, a 15-year-old  Florence Sadiki kneels among polyethylene bags, carefully examining the seedlings she and her classmates  have nurtured from tiny sprouts “We’ve planted many trees to make our school look better and to help fight climate change,” she says.

Scientific Research Can Play a Key Role in Unlocking Climate Finance

Climate finance will be at the epicenter of the discussion at the UN Climate Change Conference 2024 (COP29). The focus will be on strengthening the fund and defining the conditions under which the countries of the Global South will be able to access this money. However, little is said about the scientific research that is required to gather the evidence and data to prove the loss and damage caused by the impact of climate change in developing countries.

IMF isn’t doing enough to support Africa: billions could be made available through special drawing rights

At the 2021 UN Climate Summit, Barbados prime minister Mia Mottley called for more and better use of special drawing rights (SDRs), the International Monetary Fund’s reserve asset.

Without Accelerated Action, We Will Miss the Chance to Limit Warming to 1.5°C, Says UNEP Chief Climate Advisor

Anne Olhoff, Chief Climate Advisor at UNEP, underlined the urgent need for accelerated climate action ahead of COP29 in an exclusive interview with IPS. “The next six years are crucial—without accelerated action, we will miss the chance to limit warming to 1.5°C,” she warned.

UNEP’s 2024 Emissions Gap Report Warns: ‘No More Hot Air, Please’

The United Nations Environment Programme’s (UNEP) Emissions Gap Report 2024 delivered a stark reminder that the world is still far from meeting its climate commitments.

Race to Close Global Climate Finance Gaps Amid Escalating Climate Risks

The impact of climate change continues to devastate economies worldwide, creating a pressing need for all countries to significantly increase international climate finance. To drive critical action towards reduced climate risks and sustainable economic growth calls for expanded access to affordable, predictable finance at scale.

COP 29: High Stakes for Small Islands Fighting for Climate Finance

Small Island Developing States (SIDS) are experiencing the most severe impacts of climate change. When leaders of those islands met in Antigua and Barbuda in May, they let the world know that achieving climate justice hinges on comprehensive climate finance.

Governments Using Billions of Public Funds to Subsidize Climate-Destructive Industries—Report

A report examining corporate capture of public finance is accusing industries fueling the climate crisis, including fossil fuel ones, of draining public funds in the Global South, singling them out for squeezing out of governments USD 700 billion in public subsidies each year.

Rural Survival: Guardians of Mother Earth Saving Mau, Revitalizing Native Lands

The Great Rift Valley is part of an intra-continental ridge system that runs through Kenya from north to south. A breathtaking, diverse mix of natural beauty that includes dramatic escarpments, highland mountains, cliffs and gorges, lakes and savannas. It is also home to one of Africa’s greatest wildlife reserves—the Maasai Mara National Reserve.

Climate Action Greatest Economic Opportunity of this Century, Says UN Climate Chief

With fewer than 100 days to go to COP29, the highest decision-making body on climate issues under the United Nations Framework Convention on Climate Change (UNFCCC), the need for creative and innovative solutions to protect lives and livelihoods is now extremely urgent.

In Tonga the UN Secretary-General Declares a Global Climate Emergency

Three months ahead of the COP29 United Nations (UN) Climate Change Conference, the United Nations Secretary-General, António Guterres, has called for an emergency response from the international community as new data from the World Meteorological Organization (WMO) reveals a critical deterioration in the state of the climate.

UN Secretary General Warns of ‘Brutal’ Impacts of Climate Change for Pacific Islands

UN General Secretary General António Guterres warned of the wide-ranging impacts of climate change on a visit to the Pacific islands of Samoa and Tonga. "(Climate change) spells disaster: wide-ranging and brutal impacts, coming far thicker and faster than we can adapt to them—destroying entire coastal communities,” said Guterres, speaking at a meeting of Pacific Island leaders in Tonga.

Climate Change Poses Yet Another Stumbling Block for Pakistani Sportswomen

Goalkeeper Rehana Jamali, 17, is jubilant. Her team came in second in the All Sindh Women Hockey Tournament, held last month.

Explainer: Why Kenya is Considered a High Climate Risk for Development Banks

Kenya contributes less than 0.1 percent of global greenhouse gas emissions every year, yet development banks have flagged the East African nation as a high climate risk. This is due to extreme weather changes that are increasingly threatening the country’s development agenda, widening socio-economic inequalities, and deepening rural poverty and hunger.

The Ocean People: Navigating Cyclones, Floods, and Climate Injustice in India

Cyclones and floods have become increasingly frequent across different parts of India, posing a significant threat to the country's population.

Kenya’s Cash-Strapped, Ambitious Climate Change Goals

Climate-related disasters have battered Kenya for years. Five failed rainy seasons resulted in a drought, the worst in 40 years, affecting at least 4,5 million people who require food assistance. Then came months of heavy rain, which led to riverine and flash flooding that impacted more than 306,520 (61,304 families) between March 1 and June 18, 2024, with an estimated 315 people killed, 188 injured, and 38 missing, while more than 293,200 people (about 58,641 families) were displaced, according to Reliefweb and Kenya’s National Disaster Operations Centre (NDOC).

Women Warriors Winning Fight to Bring Back Indigenous Food Traditions

As the school lunch bell goes off, 40 eager little bodies—41 if you count the school dog—burst out onto the veranda. Awaiting them are a stack of steel platters, into which will be ladled a nutritious and delicious lunch, all of it indigenous cuisine.

Germany’s Climate Envoy Talks Partnerships with SIDS; Urges G20 Nations to Step Up Emissions Reductions

Germany’s State Secretary and Special Envoy on International Climate Action, Jennifer Morgan, has emphasized the need for urgent climate action and called on G20 nations to do more to curb greenhouse gas emissions. The G20 comprises 19 developed and developing nations, the European Union and, since 2023, the African Union. It represents the world’s biggest economies, totaling 85 percent of the global GDP.

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